Credit Risk (Risk Management) : Job Level - Associate

Morgan Stanley•New York, NY

8d•$100,000 - $140,000

About The Position

We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. Expected base pay rates for the role will be between $100,000 and $140,000 year at the commencement of employment. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Requirements

3-5+ years of real estate valuation experience in at least one of the following: commercial real estate, data centers or residential real estate
Experience with valuations and markets in the US
Ability to build internal valuation and due diligence tools

Nice To Haves

State Certified General Real Estate Appraiser license, MAI, AI-GRS or RICs preferred
Experience/knowledge of Western European and Asian (specifically Australia) markets is beneficial but not required

Responsibilities

Administer the collateral loan appraisal review process and in consultation with the Team Lead opine on the reliability of the appraisal by ensuring assumptions are supported and reasonable
Ensure compliance of the collateral loan appraisal with Uniform Standards of Professional Appraisal Practice (USPAP), FIRREA, and internal policies
Determine if market values have become challenged and make recommendations to the Global Head of Credit for FSL regarding updating valuations for underlying properties
Develop processes and procedures to create efficiencies and improvements to monitor market activity
Manage vendor relationships as a part of the review process.
Develop forms and tools to streamline processes and create efficiencies in managing appraisal review process for complete underwriting review
Assists with the review of internal procedures and makes recommendations to the Team Lead.

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